- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Yes, based on the information provided your daughter would qualify to contribute to a Roth IRA. TurboTax will calculate this value for you.
Only earned income can be used to calculate the Roth IRA contribution limit. This is why the word "compensation" is used above, because compensation (wages for working) is considered earned income.
‎February 24, 2021
3:24 PM